Trust Fund Operations, Fiscal Years 1940-76

Historical document

**Old-Age, Survivors, and Disability Insurance Trust Funds, Fiscal Years 1940-1976**
[In millions]
Fiscal year	Total receipts	Total expenditures	Assets
Fiscal year	Total receipts	Total expenditures	Net increase during year	Amount at end of year
1940	$592	$28	$564	$1,745
1941	744	91	653	2,398
1942	967	137	830	3,227
1943	1,218	177	1,041	4,268
1944	1,395	217	1,178	5,446
1945	1,434	267	1,167	6,613
1946	1,386	358	1,028	7,641
1947	1,623	466	1,157	8,798
1948	1,807	559	1,248	10,047
1949	1,924	661	1,263	11,310
1950	2,367	784	1,583	12,893
1951	3,411	1,569	1,843	14,736
1952	3,932	2,067	1,864	16,600
1953	4,483	2,717	1,766	18,366
1954	5,028	3,353	1,676	20,043
1955	5,525	4,427	1,098	21,141
1956	6,929	5,478	1,452	22,593
1957	7,439	6,666	773	23,366
1958	8,766	8,221	546	23,912
1959	9,033	9,736	-703	23,208
1960	11,394	11,606	-212	22,996
1961	12,906	12,498	409	23,405
1962	13,085	14,356	-1,272	22,133
1963	14,986	15,786	-800	21,333
1964	17,253	16,623	630	21,963
1965	17,681	17,456	224	22,187
1966	20,071	20,700	-629	21,558
1967	25,703	21,725	3,979	25,537
1968	26,440	23,859	2,581	28,118
1969	31,054	27,303	3,750	31,868
1970	36,127	30,275	5,852	37,720
1971	38,893	35,874	3,019	40,739
1972	43,208	40,158	3,050	43,789
1973	49,586	49,090	496	44,285
1974	57,704	55,869	1,835	46,120
1975	66,677	64,658	2,018	48,138
1976	70,682	73,901	-3,219	44,919
July-Sept 1976	18,359	19,764	-1,405	43,514
Notes: Fiscal years before 1977 began July 1. The quarter July-September 1976 was a transition quarter to the current fiscal year definition. Fiscal years after 1976 begin October 1. The Disability Insurance Trust Fund began operations in calendar year 1957 and is thus included above for fiscal years 1957-76; amounts before 1957 are for the Old-Age and Survivors Insurance Trust Fund only.


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